The Harvard Joint Center for Housing Studies issued a comment in its latest report that renters will likely find a very challenging rental market in the upcoming months. Significant slow downs in multi-family housing growth means there will be fewer options available to those looking to rent properties, and subsequently rental rates will likely increase. […]
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HUD has developed a new FHA insured mortgage program, called the “Streamline 203k” Limited Repair Program that permits homebuyers to finance up to an additional $35,000 of repairs into their mortgage to purchase and improve or upgrade the home before move-in or to refinance an existing mortgage and add up to $35,000 in repairs or […] Q: What are the basic eligibility requirements for FHA financing? A: FHA insures mortgages made by approved lenders to individuals and non-profit and government agencies that are approved to participate in HUD’s programs; HUD does not loan money to homebuyers. Generally, to be eligible for an FHA loan, you must have a valid social security […] On a national level home sales this year are on pace to outperform 2010, even though last year was bolstered by the artificial homebuyer tax credit. Driving much of this increase is an improvement in the general economy and slow but steady job growth. While a considerable number of people are still unemployed and not […] With summer vacation just around the corner, families with young children may be looking for ideas to keep the kids busy. One option that avoids the heat and is in a safe environment is Pump It Up; an indoor inflatable playground company. Going well beyond the simple “jumping castles” found at children’t birthday parties, Pump […] Firebirds Wood Fired Grill offers its diners an upscale, rustic atmosphere inspired by Colorado lodges and features a variety of appetizing entrees cooked over open flamed grills. Immediately you’ll feel the warmth of the restaurant’s exposed wood structure, fireplaces, stacked stone decor, and bold colors which provide a comfortable, relaxing environment. The Tucson restaurant located […] Both nationally and locally in Tucson the number of existing sales rose last month. Nationally that is the sixth increase in the last eight months, demonstrating a trend of activity as people re-enter the real estate market due to favorable affordability conditions and a healthy supply of inventory to choose from. This 3.7% national increase […] Home ownership has historically held many tax benefits and one of the biggest perks has been the ability to exclude profits realized from the sale of a home from the 15% capital gains tax. To qualify for this exemption the homeowner must have owned the property for at least two years and have lived in […] A bill introduced in the House of Representatives this week could substantially improve the process of short sales by putting time limits on bank responses. Titled “Prompt Decision for Qualification for Short Sale Act of 2011”, this legislation would impose a deadline of 45 days on lenders to respond to requests for short sales. To […] Some sections of legislation passed last year are undergoing repeal as President Obama is scheduled to sign the bill H.R. 4 soon. Specifically now being changed is a requirement that all rental property owners, even individuals renting a second home, would have to file a form 1099 for any vendor/contractor that’s paid more than $600 […] |
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